Telecom Funds Are Top Performers
For Quarter, Just Edging Telecoms

NEW YORK -- Science and technology fund managers, look out. During the first quarter, telecommunication mutual funds were still hot on the heels of tech funds, the best performers of the quarter.

Telecom funds likely will remain hot, say fund managers in the sector. According to data from Lipper Inc., a Summit, N.J., fund information provider, the average telecom fund gained 16.37% in the last 13 weeks compared with 17.04% for tech...